Weekly Wool Prices

Week Ending May 8 (Week 45)

The buoyant Australian wool auction markets shot up to a whole new level this week, in a sales series which saw substantial price rises across the offerings. Once more the Merino sector excelled in the gains, with some types at the finer end of the micron ranges exceeding the 100ac/clean kg or 14% dearer mark.

The EMI (Eastern Market Indicator) recorded a 69ac/clean kg addition to close at 1241ac/clean kg which equates to a single week rise of nearly 6%. In comparison to last year at the same time, the EMI was almost 200ac/clean kg or 18.6% lower.